Forex Trend Analysis Report
Prepared for you on Tuesday, July 17, 2018.
Singapore Dollar/Czech Koruna (FOREX:SGDCZK)
Smart Scan Chart Analysis shows the current downward trend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Downtrend with very tight stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for SGDCZK
The long term trend has been UP since May 1st, 2018 at 15.994
The intermediate term trend has been DOWN since Jun 25th, 2018 at 16.263
The short term trend has been DOWN since Jul 15th, 2018 at 16.215
Smart Scan Analysis for SGDCZK
Based on a pre-defined weighted trend formula for chart analysis, SGDCZK scored -60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).